People wearing protective masks ride on escalators at the Hysan Place shopping mall in Causeway Bay shopping district in Hong Kong. Photo: Bloomberg
People wearing protective masks ride on escalators at the Hysan Place shopping mall in Causeway Bay shopping district in Hong Kong. Photo: Bloomberg

Cracks in Hong Kong’s retail industry widen as Dickson Concepts groans, MTR and Hysan extend rent concessions amid slump in tourist arrivals

  • Dickson Concepts to cut the salaries of employees and executive directors, affecting about 40 per cent of its staff
  • MTR Corp lowers rents by half on all its properties at railway station, shopping centres, while Hysan offers ‘meaningful concessions’

People wearing protective masks ride on escalators at the Hysan Place shopping mall in Causeway Bay shopping district in Hong Kong. Photo: Bloomberg
People wearing protective masks ride on escalators at the Hysan Place shopping mall in Causeway Bay shopping district in Hong Kong. Photo: Bloomberg
READ FULL ARTICLE